Lansdowne Oil & Gas FY Pretax Loss GBP1.19M Vs GBP1.05M

LONDON (Dow Jones)--Lansdowne Oil & Gas (LOGP.LN), an upstream oil and gas company said Tuesday, it made pretax loss of GBP1.19 million for the year ended Dec. 31, 2009, compared with GBP1.05 million, MAIN FACTS: -Farm out campaign continuing on the back of updated CPR produced in February 2009 and recovery in oil price Ø Extensions secured to Standard Exploration Licences 4/07 (Midleton/East Kinsale), 5/07 (Rosscarbery) and 5/08 (Amergin) -Group operating expenses for the year were GBP1.0 million, compared to GBP0.8 million in 2008. -Cash balances of GBP26,000 (2008: GBP34,000) were held at the end of the financial year. -Basic and diluted loss per share 3.4 pence versus 3.3 pence -Repayment date on existing facilities extended until September. -The company is exploring all options to progress activity on the portfolio of appraisal and low risk prospects in the shallow water Celtic Sea. -By London Bureau, Dow Jones Newswires; Contact Razak Musah Baba; +44 (0)20 7842 9275; razak.baba@dowjones.com (END) Dow Jones Newswires June 29, 2010 03:14 ET (07:14 GMT)